HM Treasury published a record of the April 30 meeting between the Economic Secretary to the Treasury and the Financial Conduct Authority chief executive on the FCA’s March 2026 Perimeter Report. The Treasury and FCA agreed to work together to assess how artificial intelligence affects the regulatory perimeter, while retaining the flexibility of outcomes-based regulation. The FCA recommended bringing investment consultancy activities within its perimeter and suggested extending the Senior Managers and Certification Regime to additional types of firms. It also confirmed that financial prediction market products are currently treated as binary options and remain subject to the retail sales ban, while it considers whether further work is needed on access or perimeter clarification. On fraudulent financial influencers, the FCA highlighted its inability under current law to force social media platforms to remove content and proposed broader information sharing among regulators.
HM Treasury2026-07-27
UK's HM Treasury publishes FCA perimeter meeting record, highlighting AI and proposals to widen oversight
HM Treasury published a record of its annual regulatory perimeter meeting with the FCA, including an agreement to assess the impact of AI. The FCA also raised potential oversight of investment consultants, wider application of the Senior Managers and Certification Regime, prediction market restrictions and stronger tools against fraudulent financial influencers.